FL > Miami Beach > Bay Lincoln
Miami Beach, FL 33139,1420 16th St
Miami Beach, FL 33139,1420 16th St
Miami Beach, FL 33139,1420 16th St
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$2,875,000
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4,460 SqFt
Price Dropped by $25K

1420 16th St Miami Beach, FL 33139

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Jean-Richard Kenscoff

Jean-Richard Kenscoff

+1(305) 988-0283

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,460 sqft

Price per Sqft $644

Subdivision Bay Lincoln

MLS Listing ID A11659446

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $26,840

Tax Year 2023

Property Sub-Type Quadruplex

Property Description

Prime South Beach Development Opportunity! Miami Beach. Private Bay-access street steps to Lincoln Road. Income-producing 4-plex with immediate cash flow + major redevelopment potential. Zoned RM-2: Build up to 60 ft (6 stories), 2.0 FAR, approx. 10,000 sq ft buildable area, up to 10 units. Permitted uses: luxury multifamily, townhomes, boutique hotel, or short-term rentals (with BTR). Features (2) 2BR/2BA & (2) 2BR/1BA units, hurricane-impact windows/doors, upgraded electrical, new PVC pipes, balconies/porches, 4 parking spaces. Fully leased with long-term tenants. Well-maintained, no repairs needed. The street does not flood. Proof of funds + NDA required. Do not disturb tenants.

Location

State FL

County Miami-dade

Community Bay Lincoln

Area 32

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Hardwood, Tile, Wood

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Architectural Style Fourplex

Level or Stories Two

Structure Type Block

Construction Status Resale

Others

Tax ID 02-32-33-023-0130

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11659446

Listed by Lifestyle International Realty

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agent

Jean-Richard Kenscoff

Agent | License ID: 3430694

+1(305) 988-0283

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1420 16th St